Shopify invests in wholesale platform Faire
LONDON (Reuters) – E-commerce giant Shopify is investing in wholesale platform Faire, the companies said on Wednesday, in a glo..
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Bank of England delays final Basel bank capital rules to July 2025
LONDON (Reuters) – The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final le..
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Germany halts e-cars solar subsidy programme amid high demand
BERLIN (Reuters) – Germany’s state-owned KfW bank on Wednesday said it had halted a new subsidy programme for charging ele..
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UK’s Hiscox to sell Singapore and Thailand insurance business
(Reuters) – British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore..
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Germany bans neo-Nazi group, raids members’ homes
BERLIN (Reuters) – German authorities raided dozens of locations nationwide on Wednesday after interior minister Nancy Faeser ba..
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Dollar scales 10-month top as rate jitters persist
By Rae Wee SINGAPORE (Reuters) – The dollar rose to a 10-month high against its major peers on Wednesday, toppling the euro and..
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Merchants want lower fees, need Amazon’s ads as US FTC files suit
RALEIGH, North Carolina (Reuters) – Merchants who sell on Amazon.com want the online retailer to cut back on fees while some als..
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Bank of England to leave rates on hold through mid-2024, cut in Q3: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England has concluded its tightening cycle and will likely keep the Ban..
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French shoppers buy fewer tampons, less detergent as prices surge
By Richa Naidu and Helen Reid LONDON (Reuters) – French consumers are buying fewer personal hygiene and household products, sac..
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Shutdown showdown in US Congress: Time running short to fund government
WASHINGTON (Reuters) – The U.S. House and Senate on Tuesday plan to take sharply divergent paths in a high-stakes spending battl..
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Three-quarters of firms globally are not ready for new ESG rules, KPMG finds
LONDON (Reuters) – Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) d..
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Equities fall as U.S. Treasury yields, dollar stay elevated
NEW YORK (Reuters) – Equities around the world were lower on Tuesday in a choppy trading session as Treasury yields stayed clo..
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UK home secretary warns uncontrolled migration poses ‘existential challenge’
LONDON (Reuters) -Britain’s Home Secretary Suella Braverman warned on Tuesday uncontrolled migration poses an “existential..
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French retailers E-Leclerc and Carrefour say they will sell fuel at cost
PARIS (Reuters) -France’s two largest food retailers, E-Leclerc and Carrefour, said on Tuesday that they would heed the governme..
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Exclusive-Cinven bought Eurovita bonds from GIC, others to help liquidation-source
By Valentina Za and Emilio Parodi MILAN (Reuters) – Private equity firm Cinven has agreed to buy back 160 million euros ($170 m..
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What to do when you lose your Job
Understanding the emotional impact Losing your job can be emotionally challenging. It’s not uncommon to feel a range of emo..
Companies
Novartis confirms Sandoz spin-off for October 4, 2023
ZURICH (Reuters) – Novartis on Monday confirmed its plans for a 100% spin-off of the Sandoz business on Oct. 4 after shareholde..
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Lego abandons effort to make oil-free bricks – FT
(Reuters) – Danish Toymaker Lego has abandoned its effort to ditch oil-based plastics from its bricks after finding that its new..
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Macron wants fuel industry to sell at cost price
PARIS (Reuters) – French President Emmanuel Macron said on Sunday the government would ask the fuel industry to sell at cost pr..
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Safran CEO sees supply chain pressure through 2024
PARIS (Reuters) -Global aerospace supply chains will remain under pressure throughout 2024, Safran CEO Olivier Andries said on Friday...
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UK’s Mothercare says it expects to complete refinancing shortly
(Reuters) -Mothercare expects to complete a refinancing shortly and will remain in discussions with stakeholders and financing partne..
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France’s Eramet and Suez pick Dunkirk for EV battery recycling
PARIS (Reuters) – Eramet and Suez have chosen Dunkirk as the location for a planned electric vehicle (EV) battery recycling faci..
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Analysis-A year after budget crisis, UK debt faces fresh pensions headwind
LONDON (Reuters) – Britain’s pensions industry, Europe’s biggest, is posing a new challenge to the country’s 2..
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Warner Bros to expand British studios’ production capacity by over 50%
(Reuters) -Warner Bros Discovery on Thursday said it planned to expand production capacity at its Leavesden studios near London by mor..
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Irish consumer sentiment drops to six-month low, survey shows
DUBLIN (Reuters) – Irish consumer sentiment slumped to a six-month low in September, a survey showed on Friday, pointing to an i..
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UK’s Hunt says unclear when taxes can be cut amid interest cost pressure
(Reuters) -British finance minister Jeremy Hunt said on Thursday that higher long term interest rates were pressuring the budget and i..
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Russia temporarily bans fuel exports to most countries in response to shortages
MOSCOW (Reuters) -Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet st..
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More than a fifth of cars sold in EU in August were full EVs – ACEA
LONDON (Reuters) – Just over one in five new cars sold in the European Union in August was fully electric, as sales of zero-emis..
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Oil falls ahead of Fed rate policy announcement
TOKYO (Reuters) – Oil prices retreated further from 10-month highs on Wednesday ahead of the U.S. Federal Reserve’s intere..
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King Charles heads to France for three-day state visit
By Elizabeth Pineau and Michael Holden PARIS (Reuters) – King Charles will arrive in France on Wednesday for a three-day state ..
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UK PM Sunak to announce more ‘proportionate’ climate response
LONDON (Reuters) -British Prime Minister Rishi Sunak will give a speech this week in which he is expected to delay some of the governm..
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Musk’s Neuralink to start human trial of brain implant for paralysis patients
(Reuters) -Billionaire entrepreneur Elon Musk’s brain-chip startup Neuralink said on Tuesday it has received approval from an i..
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Novo Nordisk contracts South Africa’s Aspen to produce insulin for African nations
By Maggie Fick LONDON (Reuters) – Novo Nordisk has contracted Aspen Pharmacare to produce human insulin on its behalf in South ..
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B&Q owner Kingfisher cuts profit forecast as Poland, France drag
LONDON (Reuters) -European home improvement retailer Kingfisher downgraded its annual profit forecast by 7% on Tuesday, after a drop i..
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UK’s Hargreaves Lansdown bets on increased savings to sustain growth
(Reuters) -Hargreaves Lansdown is betting on savers to fuel growth despite subdued investment and trading activity in the current fina..
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Tour operator TUI confirms full-year outlook on back of strong bookings
By Joanna Plucinska LONDON (Reuters) -Tour group TUI on Tuesday confirmed its full-year outlook for the 2023 financial year, citing s..
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Sabato De Sarno to hit Milan catwalk on Friday with high stakes Gucci debut
By Mimosa Spencer and Elisa Anzolin MILAN/PARIS (Reuters) – Gucci creative director Sabato De Sarno takes to the runway in Mila..
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